positive sentiment


Bursa Malaysia to continue uptrend next week

KUALA LUMPUR, July 14 — Buying momentum on Bursa Malaysia is expected to continue next week, in line with the global equities on lack of worries over trade war between the United States and China. Hermana Capital Bhd Chief Executive Officer and…

Bursa Malaysia ends at intraday high on positive sentiment

KUALA LUMPUR: Bursa Malaysia finished broadly higher today with the benchmark index closing at its intraday high of 1,687.13, buoyed by positive market sentiment amid rising oil prices, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.50 points from Monday's close of 1,672.63 after hitting a low of 1,675.05 in the early morning.

The market barometer, which opened 2.42 points better at 1,675.05, continued to move in the positive territory throughout the day on persistent buying in heavyweights led by Maxis.

Contributing 1.81 points to the composite index, Maxis rose 13 sen to RM5.40 with 3.54 million shares changing hands.

In line with the rising oil prices, Petronas Gas chalked up 48 sen to RM17.66, Petronas Chemicals gained three sen to RM8.54, Petronas Dagangan added two sen to RM24.94, while MISC perked 15 sen to RM6.06.

A dealer said sentiment in the market was positive with investors taking cue from the firm Wall Street closing overnight on hopes for upbeat corporate earnings.

He said the easing worries over the trade war had also helped to lift risk appetite globally, including the emerging markets.

Back home, advancers trounced decliners 455 to 341, with 421 counters unchanged, 651 untraded and 19 others suspended.

Volume slipped to 1.99 billion units valued at RM2.24 billion, from 2.01 billion units worth RM2.04 billion recorded on Monday.

Of the other heavyweights, Maybank rose six sen to RM9.14, Tenaga garnered 12 sen to RM14.42, and CIMB increased five sen to RM5.35.

Public Bank, however, was flat at RM22.54.

Top Glove, which was battered yesterday, rebounded strongly today and emerged the most actively traded stock.

The counter rose 77 sen to RM9.90 with 49.41 million shares transacted.

Among other actives, Sapura Energy shed one sen to 60.5 sen, while both Borneo Oil and Barakah Offshore were flat at six sen and 14.5 sen respectively.

The FBM Emas Index surged 109.97 points to 11,908.18, the FBM70 climbed 188.79 points to 14,511.91 and the FBMT100 Index advanced 113.56 points to 11,712.02.

The FBM Emas Syariah Index soared 128.1 points to 12,056.52 and the FBM Ace Index edged up 63 points to 5,295.61.

Sector-wise, the Finance Index improved 88.61 points to 16,521.46, the Industrial Index perked 50.22 points to 3,150.62 and the Plantation Index increased 59.79 points to 7,512.3.

Main Market volume reduced slightly to 1.02 billion shares valued at RM1.97 billion, from 1.14 billion shares worth RM1.83 billion on Monday.

Warrants turnover increased to 673.61 million units valued at RM199.73 million, from 619.52 million units worth RM167.48 million.

Volume on the ACE Market improved to 294.14 million shares valued at RM61.59 million, from 250.03 million shares worth RM48.93 million yesterday.

Consumer products accounted for 99.51 million shares traded on the Main Market, industrial products (699.06 million), construction (50.00 million), trade and services (556.09 million), technology (58.73 million), infrastructure (48.09 million), SPAC (1.18 million), finance (338.32 million), hotels (1.76 million), properties (35.43 million), plantations (78.44 million), mining (55,480), REITs (7.54 million) and closed/fund (26,846).

The physical price of gold as at 5pm stood at RM156.60 per gramme, down RM1.61 from RM158.21 at 5pm yesterday. — Bernama

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KLCI closes higher as Asian markets pick up positive sentiment


KUALA LUMPUR: Asian markets took a running start to the week with all key markets rising as Friday’s US payroll data lifted sentiment. Japan’s Nikkei climbed 1.2% while in China, the Shanghai Composite Index rose 2.5%, the blue chip CSI300 gained 1.5% and Hong Kong’s Hang Seng gained 1.3%. In South Korea, the Kospi put on 0.6%. Bursa Malaysia was also swept up in the rally, rising 8.77 points to 1,672.63 at the close. Trading volume was 2.01 billion shares with a value of RM2.05bil. There were 512 decliners versusRead More

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RAM index shows Malaysian businesses more upbeat after GE14

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A tricky tax reversal to SST

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Boustead swings to RM 6.1m profit in 1Q, declares 2.5 sen dividend


KUALA LUMPUR (May 31): Boustead Holdings Bhd returned to the black in the first quarter ended March 31, 2018 (1QFY18) after posting a net profit of RM6.1 million, from a net loss of RM4 million a year ago, on improved performance by its heavy industries division as well as better share of results from associates and joint-venture firms. Quarterly revenue declined 5.48% to RM2.25 billion, compared with RM2.38 billion reported in 1QFY17, owing to lower palm product prices. Boustead declared an interim single-tier dividend of 2.5 sen per share, whichRead More

US consumer confidence rises in May

WASHINGTON, May 29 — US consumer confidence rose in May, reversing the prior month’s modest decline as consumers’ mood grew rosier, according to a survey released today. The uptick in positive sentiment suggested the world’s largest economy…